Phillips 66 (PSX): Today's Featured Energy Laggard

Phillips 66 was a leading decliner within the energy industry, falling $1.27 (-2.1%) to $57.90 on average volume

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Phillips 66 ( PSX) pushed the Energy industry lower today making it today's featured Energy laggard. The industry as a whole closed the day down 1.0%. By the end of trading, Phillips 66 fell $1.27 (-2.1%) to $57.90 on average volume. Throughout the day, 3,330,372 shares of Phillips 66 exchanged hands as compared to its average daily volume of 3,786,700 shares. The stock ranged in price between $57.90-$58.90 after having opened the day at $58.90 as compared to the previous trading day's close of $59.17. Other companies within the Energy industry that declined today were: GeoPetro Resources Company ( GPR), down 25.0%, CKX Lands ( CKX), down 8.2%, Forest Oil ( FST), down 7.8% and ZaZa Energy ( ZAZA), down 6.6%.

Phillips 66 operates as an independent downstream energy company. The company operates in three segments: Refining and Marketing (R&M), Midstream, and Chemicals. Phillips 66 has a market cap of $35.3 billion and is part of the basic materials sector. Shares are up 8.8% year to date as of the close of trading on Friday. Currently there are 7 analysts that rate Phillips 66 a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Phillips 66 as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, poor profit margins and weak operating cash flow.